This course will be divided into two sections: one focusing on the
Affordable Care Act & related IRS Reporting Requirements. The other
section will focus on Payroll Updates for 2015 and 2016, with discussion
of minimum wage changes, common year-end adjustments and year-end
payroll tax processes.
Learning Objectives
Attendees will learn how to estimate firm size for IRS ACA reporting
requirements as well as what triggers employer penalties
They will also
learn more about recent minimum wage changes and other important
year-end tax reminders
Major Topics
• Estimating firm size for ACA employer-shared responsibility • Trigger factors for employer penalties •
Understand how penalties are applied in a “controlled” group • Payroll Tax Changes for 2016 • Due dates & potential fines for non-compliance with IRS information returns • Recent changes to minimum wage laws/rates • Wage Base Updates
